Peer-to-peer companies are filling in the banks’ shoes

Household lending has always been a cash cow for banks and credit card companies. A cursory examination of their sources of income reveals that this area accounts for a significant portion of their income. Therefore, it is clear that it is difficult for them to say goodbye to their hegemony in the field…

Lack of credit rating information led to banks’ control of the lending system

The consumer loans domain represents the most active and profitable area in the banking system, noted Dr. Gal Aviv, CEO of Blender in a lecture on P2P lending at the second Adif Conference for Financial Institutions. Read more.

The credit rating database will encourage non-bank lending

The interim report of the Committee on the proposed Credit Data Law, which is expected to be released in the coming days has already raised a storm in the banking sector. Some argue against publishing credit ratings, saying that they will hurt those with low ratings, while others argue that, on the contrary, everyone will benefit including and especially the weak. Read more.

They’re afraid: Bankers don’t know how to deal with Moshe Kahlon

From the dismantling of the government until election day, the banks lost about 5%, and since the release of the results, they increased by 4.5%. Analysts: The decline reflects the fears regarding the new finance minister. Read more.

Turmoil in the financial world: Is it becoming more accessible to the general public?

New technologies and forms of alternative funding rocked the financial world, and have broad implications for consumers and companies alike. But is the financial world is becoming more accessible to the general public? Read more.

The Israeli start-up offering up to 8% interest rates on money

Following the revolutions spurred by GetTaxi, Uber, Airbnb and Booking.com, BLender is hoping to generate a social revolution in the banking and lending industries. In a G interview, the founders explain how it works, and also: what does it have to do with Dad, real estate magnate Doron Aviv? Read more.

Barça, I’m coming: Just 15 minutes to get a loan for a sports vacation

What’s a dad who wants to take his son to a game in Barcelona, but who perpetually overdraws his bank account to do? Here’s the story of a father who found a solution through peer-to-peer lending site BLender. Read more.

Want a loan for a sports vacation? Now there’s a solution.

Have you been dreaming of a sports vacation? A one-in-a-lifetime trip with your oldest son to watch Messi go head to head with Ronaldo at El Clasico at Camp Nuo… Read more.

Peer-to-peer lending: who is it for and how does it work?

BLender, an Israeli company, is answering the call for social lending in Israel and offering an innovative new arena for peer-to-peer loans…

According to Dr. Gal Aviv, half of Generation Y “doesn’t ever want to set foot in a bank. They know that they can get a more affordable product and how to get it. They shop on Amazon and eBay. Consumers today are different: they know that they can get savings or credit products at a better price.” Read more.